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CHARITY REVIEW
Issued: December 2023 Expires: December 2025

SparkYouth NYC

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(212) 765-8212
444 Madison Ave # 6
New York, NY, 10022-6903
https://www.sparkyouthnyc.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

SparkYouth NYC meets the 20 Standards for Charity Accountability.

Stated Purpose:
SparkYouth NYC is a nonprofit organization dedicated to transforming the lives of New York City children by identifying and providing crucial funding and operational support to emerging innovative community-based organizations that assist underserved youth throughout the City.

Year, State Incorporated:
1995, NY

SparkYouth NYC funds extracurricular programs that work to create safe and new opportunities for children and teens within the city who have been affected by poverty. Programs are funded for three years until they become self-sustaining. The organization's funding is focused on start up organizations with the greatest potential to have the greatest impact within their respective communities.

For the year ended December 31, 2022, SparkYouth NYC's program expenses were:

Program services $1,546,299
Total Program Expenses $1,546,299

Chair's Profession / Business Affiliation
Not disclosed

Board Size
24

Paid Staff Size
2

Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 7.16%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on SparkYouth NYC's audited financial statements for the year ended December 31, 2022.

Source of Funds
Special event revenue, net $1,468,052
Contributions and other support: $423,787
Interest and dividend income $2,809
Total Income $1,894,648

Programs: 88% Fundraising: 8% Administrative: 5%

Total Income $1,894,648
Total expenses: $1,761,466
  Program expenses $1,546,299
  Fundraising expenses $135,396
  Administrative expenses $79,771
  Other expenses $0
Income in Excess of Expenses $133,182
Beginning Net Assets $1,535,492
Other Changes In Net Assets $0
Ending Net Assets $1,668,674
Total Liabilities $9,958
Total Assets $1,678,632

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Foundation of Metropolitan New York